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In the state development loans auction held on Tuesday, the Reserve Bank of India (RBI) rejected all bids for Gujarat. The notified amount was Rs 1,000 crore.
The 10-year state developments loans auction was for thirteen states. While the Andhra Pradesh state developments loans had partial acceptance.
Out of the Rs 1,400 crore notified amount, total allotments was for Rs 1,212.80 crore. The notified amount for the total auction of thirteen states was Rs 9,881.42 crore. While total allotment made was Rs 9,944.22 crore.
In case of Tamil Nadu the total allotments made was for Rs 1,250 crore while the notified amount for the auction was Rs 1,000 crore.
